Zomato’s first-ever quarterly profit triggered sharp interest in the stock, with investors rushing to lap up shares as soon as the markets opened on Friday. Nearly 5.25 crore shares changed hands in the opening trade on the NSE, catapulting the stock price by over 8% to its 52-week high of Rs 93.65.
While the June quarter earnings were announced during the fag of Thursday's trading session, the stock responded immediately and jumped 2%. Following the results, Jefferies and Nuvama recommended a 'Buy', giving a fresh impetus to the stock.
1. The S&P 500 declined 0.54% to end the Monday session at 4,569.78 points, with megacaps Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O) and Amazon (AMZN.O) dipping over 1%, pressured by higher U.S. Treasury yields. The Nasdaq declined 0.84% to 14,185.49 points, while Dow Jones Industrial Average declined 0.11% to 36,204.44 points. Gold fell more than 2 percent after hitting an all-time high on Monday. 4. Oil prices fell on Monday on concern about a drop in demand and on continued uncertainty about the depth and duration of OPEC+ supply cuts. Technical Analysis WallSt. ended lower on Monday, interrupting last week's rally, as investors are cautious ahead of employment data due this Friday that could alter expectations that the Fed will cut interest rates early next year. Asian Markets are currently trading lower, taking cues from the WallSt. KOSPI is trading in the red despite South Korea's inflation eased for the first time in four m
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